13:53, 02.04.2009 — Новости
автор: OilWorld.Ru

DJ Argentina Corn, Soy Prices Climb On Rise In Demand


BUENOS AIRES (Dow Jones)--Corn and soybean prices in Argentina rose Wednesday
from the previous session on local and export demand even as commodities fell
onthe Chicago Board of Trade.

There were no week-earlier prices as farmers last week refrained from selling
product in protest against high taxes, chiefly a 35% levy on soybean exports.
The seven-day strike ended last Friday and local trading started again Monday.

The highest bids from buyers were heard early in the session Wednesday when
international reference markets were on the rise, the Rosario Grain Exchange
said.

"Corn and soybeans were favored by the necessities on the demand side," it
said.

On the Rosario Grain Exchange, spot corn traded at ARS395 ($106.4) a ton for
export from the port of Rosario, up from ARS380 on Tuesday.

Traded volume was estimated at 15,000 tons.

May 2009 corn sold at $107 per ton, up from $106 on Tuesday.

Soy


Soybean prices rose on demand from buyers seeking to amass stocks, the
exchange said.

Spot soy traded at ARS870 per metric ton for export from Rosario, up from
ARS850 on Tuesday.

Traded volume was estimated at 30,000 tons.

May soybeans were priced at $230 per ton, up from $228 on Tuesday.

Wheat


Wheat closed at ARS450 per ton Wednesday, unchanged from the previous
session, the exchange said.

Demand was limited to local buyers because of the government's restrictions
on exporting more wheat at this time, it said. The government periodically
blocks exports to ensure there are sufficient supplies to feed the domestic
market.

Traded volume was estimated at 2,000 tons.

July wheat was priced at $136 per ton, down from $137 on Tuesday.

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